Insperity, Inc. (NSP) Issues Earnings Results
Insperity, Inc. (NYSE:NSP) issued its quarterly earnings data on Monday. The business services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16, Bloomberg Earnings reports. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The business had revenue of $795.50 million for the quarter, compared to the consensus estimate of $786.44 million. During the same period in the prior year, the business posted $0.78 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year.
Shares of Insperity (NYSE:NSP) traded up 0.16% during midday trading on Wednesday, hitting $95.05. The stock had a trading volume of 87,551 shares. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 27.53 and a beta of 0.79. The firm’s 50 day moving average price is $89.88 and its 200 day moving average price is $81.87. Insperity has a 52-week low of $64.55 and a 52-week high of $99.10.
Several equities research analysts have recently weighed in on NSP shares. BidaskClub downgraded Insperity from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research downgraded Insperity from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Roth Capital upgraded Insperity from a “neutral” rating to a “buy” rating and increased their price target for the stock from $84.00 to $92.00 in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Insperity presently has a consensus rating of “Hold” and a consensus price target of $94.00.
In other Insperity news, SVP Daniel D. Herink sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $83.34, for a total value of $250,020.00. Following the sale, the senior vice president now owns 19,014 shares of the company’s stock, valued at $1,584,626.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur A. Arizpe sold 5,291 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $89.07, for a total value of $471,269.37. Following the completion of the sale, the executive vice president now directly owns 18,653 shares in the company, valued at approximately $1,661,422.71. The disclosure for this sale can be found here. Insiders sold 62,542 shares of company stock worth $5,237,541 over the last quarter. 13.92% of the stock is currently owned by insiders.
Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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